UPDATE 1-Fiat to redeem early $1.69bln GM-exchangeable bond


(Adds background) MILAN, June 25 (Reuters) - Italian carmaker Fiat said on Friday it would redeem ahead of schedule almost $1.69 billion worth of outstanding bonds exchangeable into shares in the U.S. automaker General Motors . Fiat said it would make the payment in cash on July 9, using available liquidity, after almost all bondholders requested early redemption. In April, Fiat bought back and canceled $540 million worth of the bonds coming due in January, 2007. Fiat sold the $2.2 ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Fiat to redeem early $1.69bln GM-exchangeable bond" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×